Bitcoin has been wrestling with the $85,000 to $90,000 range, a figure shaped by tariff announcements and global trade maneuvers. Juan Rodríguez forecasted a push to $90,000, initially optimistic when the price was sub-80,000. However, short-term prospects are clouded by trade policies affecting pharmaceutical tariffs. This element, paired with potential positive trade developments between the U.S. and Europe, could sway Bitcoin’s trajectory.
Historically, post-halving periods saw Bitcoin reaching cycle highs after around 525 days, as demonstrated by previous cycles in 2016 and 2020. Current trends suggest another half year until peak price potential is realized, considering a similar timeline post-2024 halving.
Moreover, Rodriguez highlights the diminishing influence of halvings as more than 94% of Bitcoin has already been mined. Consequently, liquidity, a significant price driver, is becoming pivotal.
Forecasting broader market movements, Rodriguez draws parallels with stock market trends where Bitcoin’s 32% dip remains less drastic compared to other leading indices, reflecting its tempered volatility amidst economic twists and tariff disruptions.
For institutional and private investors, Bitcoin custody is shifting, with more assets now held off exchanges, underscoring a changing market dynamic.
Despite Trump’s primary focus on technology tariffs, Bitcoin remains buoyant, driven by ongoing trade negotiations. Future market activities—including pharmaceutical tariff releases—might spurt volatility, suggesting ongoing monitoring for stakeholders.
In summary, while Bitcoin may face short-term volatility due to geopolitical tensions, its long-term trajectory remains promising, especially with the strategic moves of significant market players and investors.
